How to set up and run a small business

Leaderboard – News

Leaderboard – Business Plans

Leaderboard – Start Ups

Leaderboard – Company (Ltd)

Leaderboard – Company (S/E)

Leaderboard – Run – Freelancers

Leaderboard – Run – Legal

Leaderboard – Run – People

Leaderboard – Run – Premises

Leaderboard – Run – Sales

Leaderboard – Run – Technology

Leaderboard – Tax

Leaderboard – Banking

Leaderboard – Finance

Leaderboard – Insurance

You are here: Home » Archives for planning

planning

long term business planningLong term planning is an oft-ignored aspect of running a business. Why is it so ignored? Because people think…

  1. It’s not useful.
  2. It’s not possible.

In this article, I’m going to explain why long term planning is both useful and possible, and also provide some practical advice about how far ahead you can look when devising your long term plan. Continue…

{ 0 comments }

what to include in your business planEvery start-up company needs a good business plan and an effective business strategy.

They’re distinct but equally necessary and you shouldn’t confuse one with the other.

You can’t expect to get past first base without a plan. A clear, well-written explanation of what you intend to sell and when you intend to sell it, is the document you will take to your bank manager if you want to get a business loan and to investors if you’re seeking financial backing.

Continue…

{ 0 comments }

Business planning - how to plan for the short term

In a previous article, I described the differences between short term and long term planning. A challenge to both types of planning is how much detail to go into.

I’ve seen accountants trying to create perfect 30 year financial models based on the level of detail they use for tracking the day to day running of the business.

Needless to say, they quickly find an already large job turning into a mountain of work. When the time comes to update the plan (1-12 times/year depending on the organisation) the battle to ensure accurate detail in the plan needs to be taken up again.

So how do you get the right level of planning for your business? Continue…

{ 0 comments }

factors affecting your business plan

Thinking about your business in different ways affects how you plan for the future, opening up some new avenues, but making others potentially harder.

By being aware of how you view your business you’ll also invent new ways of thinking about it, which will give you a more balanced and flexible approach to financial planning. Robin Booth of Brixx.com explains how to think differently about your business, and the benefits of doing so; Continue…

planning your business for short term and long term success

Planning ahead is important. It helps you to understand where you want to get to and how you’re going to get there.

However, financial planning can be a bit of a mystery for many small business owners. So to help demystify it, we asked Robin Booth of Brixx.com to answer the questions business owners often ask about financial planning;

Continue…

When you are launching a new business, it’s fair to say that planning your finances isn’t the most exciting aspect of of being a startup. However, it is a crucial part of understanding whether your business has a chance of succeeding

And the good news is that there are now dedicated software, tools and apps that can quickly and easily produce financial forecasts for you.

So to help you understand more about how planning your finances can help your startup succeed, we asked Robin Booth of Brixx.com to share his experience with us;

Continue…

So you’re in charge: perhaps you started the company, maybe you’ve taken it over, or you were handed the top job and told to run the show. What next?

Every company is different. But while scale of the demands placed on the chief executive of a listed multinational may be different to those a small business owner faces, many of the major challenges business leaders face are similar.

After discussing such challenges with a wide range of entrepreneurs, investors, executives and analysts, I suggest they boil down to eight essential “acts” of leadership. Continue…

Restructuring a business can be a turbulent time; you may be juggling legal issues with disgruntled employees, expansion plans with uncertain investors or faced with frustrated customers.

However, that isn’t a world away from the day-to-day nature of running a business, and you shouldn’t feel unnecessarily daunted just because you’re moving in a new direction.
Continue…

There’s more to direct marketing than mailshots. Get creative!

Direct marketing is simply a message that speaks directly with your customer. Used well, direct marketing can be a cost-effective and well-targeted method of getting your message across.
Continue…

With all the excitement of starting and running your own business, it’s easy to overlook what might happen if it all goes wrong.

A disaster could strike your business at any time, in any form. What if your main sales person was lured to an aggressive competitor, you lost your data, or your building was destroyed in an accident? It’s rare, but it happens.

Here are seven simple steps to a writing a simple but powerful disaster recovery plan:
Continue…